Well, this depends on your level of risk tolerance, your financial needs, and how long you want to have access to your money. Investments can offer much higher returns than savings, but also involve more risk, especially in the short term.
If you are saving for short-term goals and need to withdraw the money shortly, it may be better to keep the money in a savings account. On the other hand, if you have a long-term goal, you will get more satisfactory results with investments.
Investing for the long term while recovering from stock market fluctuations often means investing the money for longer-term financial goals, such as retirement. Nevertheless, when you have short-term financial goals, such as a trip within five years, investing the money is usually not a good option.
How Much Should I Save?
As a precaution, many experts recommend keeping three to six months’ worth of expenses. Everything can be rosy today. However, there is always the possibility that you will lose your job at some point or be faced with an unexpectedly high bill.
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Why Investors Who Invested (and lost) Are More Optimistic?
The survey also included younger investors who invested during the crisis. Almost half of those who invested during the crash lost money, but those who stayed in the market were more than twice as likely to think they have since got their money back. We also found that investors who stayed invested were twice as likely to stay invested and increase their savings than investors who did not.
What Makes Investing Riskier Than Saving?
Most deposit accounts at banks and financial institutions are insured. This means you won’t be left empty-handed if the financial institution where your money is held goes bankrupt. That’s not how investments work. When you invest your money, it is usually not insured. You’re aiming for higher dividends in exchange for the risk that you won’t get it all back.
Of course, not all investments are the same. Some have a higher potential return and risk, while others are less volatile, have a lower risk of loss, and have a lower potential dividend. As a rule, we say more risk, more profit.
Our real estate company La Costa Real Estate experience, on the other hand, is very important for a successful investment. Firstly, you should not invest without knowing the process of the business. So, if you want to invest in any business new for you, make sure that the investment you are looking for is suitable for you and that you will be able to do it successfully.
In Egypt, the Real Estate Development Company has given birth to several investment opportunities in real estate projects, including the new administrative capitals, Hurghada, Ain Sukhna, North Coast like one of the best resorts in all egypt Fouka Bay North Coast , Fifth Settlement, and Mostakbal City, making it a great time to invest in Egyptian real estate.
Learn more about the investment opportunities in real estate in Egypt 2023 on our website La Costa Real Estate .
